Layoffs Fall to Lowest Level in 2 Years. Income Up. Americans Spending Again.

I don’t know if this means the recession is over, but according to recent data, layoffs have fallen to a two-year low, income is up and Americans are spending money. This is good news.

“The flurry of U.S. data this morning suggests that households have started to pickup the baton of growth from businesses,” said Paul Dales, U.S. economist at Capital Economics. “Whether or not households will be able to shoulder the burden of growth on their own is another matter.”

Read the AP’s Jeannine Aversa’s story.

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